Q1 2026 Market Report nterey Peninsula delivered a strong start to the year, with Q1 rking its best first quarter since 2022 In total, 217 homes closed eninsula, with an average sales price of $2 5M and total sales ing an impressive $471M
Carmel-by-the-Sea saw a meaningful increase in high-end activity, with 30% of all sales closing above $5M, while Pebble Beach welcomed the return of ultraluxury demand, including two sales above $20M Pebble Beach also recorded its first quarter with no sales under $2M, a notable signal of strength at the top of the market
Even with stronger sales activity, average days on market rose to 64, the highest first-quarter level since 2022, underscoring how deliberate buyers remain in today’s environment Well-priced homes continued to attract attention, with properties selling at or above list price averaging 28 days on market, compared with 82 days for homes that sold below asking
This Quarter was also a meaningufl reminder of the privelage we have in supporting clients across the Peninsula at every stage of their next chapter
Looking ahead, the market appears well-positioned for a strong Spring and an active 2026 For both buyers and sellers, success will depend on thoughtful strategy, precise timing, and a clear understanding of each micro-market
If you or someone you know is curious about the market or contemplating a move, we would be honored to help! More than half of our sales last year were repeat clients, a reflection of the trust and relationships we have built over time
All our best,
TABLE OF CONTENTS Carmel by the Sea
Greater Carmel
Carmel Valley
Pebble Beach
Monterey
Pacific Grove
Seaside
Marina
Corral & San Benancio
2 4 6 8 10 12 14 16 18
Carmel - by - the - Sea Carmel-by-the-Seaentered2026withstrength,as averagesalespriceroseto$4.7M,up27%fromQ4 and43%yearoveryear.Althoughclosedsalesfellby fourhomesfromthepriorquarter,totalvolumestill edgedup2%to$81M.ComparedtoQ12025, volumesurged62%whilehomesalesincreased13%.
Averagedaysonmarketcameinat56,up33%from lastquarterbutdown33%fromayearago
Thequarteralsoreinforcedafamiliarpattern:wellpricedhomesthatsoldatorabovelistmoved quickly,averaging25daysonmarket,whilemore aspirationallypricedlistingstook112daystosell.
Overall,Q1reflectedahealthymarketmarkedby strongerpricing,improvedabsorption,andsteady demandforwell-positionedproperties.
Greater Carmel GreaterCarmelpostedarelativelysteadyfirst quarter,withpricingholdingsteadydespitemodestly softeractivity.Averagesalespricewas$3.2M,down 4%fromQ4and6%yearoveryear,whilethemedian priceroseto$2.85M,up62%fromlastquarterand 4%fromQ12025.With26sales,bothunitanddollar volumewereslightlylowerthanQ4andthesame periodlastyear.
MarketpaceimprovedfromQ4,withdaysonmarket fallingto65,down41days,thoughstillslightlyabove the60daysinQ12025.
Overall,Q1reflectedahealthybutmeasuredmarket, withbetterabsorption,afirmermedianprice,anda continuedshifttowardapredominantly$2M+ market
Carmel Valley CarmelValleybegan2026withfirmerpricing, althoughoverallactivityremainedmeasured. Averagesalespriceroseto$1.8M,up21%fromQ4 and3%yearoveryear,whilethemedianprice increasedto$1.6M,up43%fromlastquarterand7% fromQ12025.With15sales,closingsweredown, drivingtotalvolumedown14%.Howevever, comparedtoQ12025,volumerose28%asunitsales increased25%.
MarketpacewasunchangedfromQ4butimproved fromayearago,withaveragedaysonmarketdown 14%fromQ12025.
Overall,Q1reflectedasteadierstarttotheyear,with improvedpricingbutcontinuedbuyerselectivity.
Pebble Beach PebbleBeachopened2026withapronouncedrise inpricing,drivenbythreeultra-luxurysales.Average salespriceclimbedto$6.7M,up92%fromQ4and 105%yearoveryear,whilethemedianpriceroseto $405M,up59%fromlastquarterand45%fromQ1 2025 Notably,thiswasthefirstquarteronrecord withnosalesbelow$2M!
Althoughclosingsweredown,totalvolumestillrose 28%quarteroverquarterand94%yearoveryear, reflectingthestrengthofthehighendsales.The quarteralsopointedtoamoreselectivemarket,with daysonmarketholdingessentiallyflatat90and sellersreceiving96%oflistpriceonaverage.
Overall,Q1markedastrongreboundfromthesofter finishto2025andamateriallystrongerluxury showingthanayearago.
Monterey MontereysawsofterpricinginQ1,thoughsales activityremainedstrongerthanayearago.Average salespricecameinat$1.3M,down14%fromQ4and 11%fromQ12025.With30homesales,closings weredown13fromQ4,drivingtotalvolumedown 40%to$40M Yearoveryear,homesalesrose30% whiletotalsalesvolumeincreased17%
Daysonmarketroseto67,upslightlyfromQ4and 43%aboveayearago,whilesellersreceived97%of listpriceonaverage,downfromMonterey’s standout101%sale-to-listratioinQ12025.
Overall,Q1reflectedaslowerstarttotheyear,with softerpricingandlongermarkettimes,though underlyingdemandremainedhealthierthanayear ago.
Pacific Grove PacificGrovesawaquieterstartto2026,withboth pricingandactivityeasingfromthestrongerpaceof late2025.Averagesalespricecameinat$1.5M, down14%fromQ4and15%fromQ12025,whilethe medianpricerose6%fromlastquarter,but remained7%belowayearago.With23sales, volumefell50%fromQ4and32%yearoveryearto $34M,whileclosingsdeclined43%fromlastquarter and21%fromQ12025.
Despitethesoftermarket,salepaceimproved meaningfully,withdaysonmarketfallingto26, down36%fromQ4and25%fromayearago.On average,Sellersachieved98%oftheirlistpriceas 43%ofhomessoldaboveaskinginjust10days Overall,Q1reflectedaslowerbutstillcompetitive market,wherewell-pricedhomescontinuedtomove quickly.
Seaside Seasidepostedafairlysteadyfirstquarter,with pricingholdingsomewhatfirmdespitesofteractivity. Averagesalespricecameinat$851K,essentiallyflat yearoveryearanddown10%fromQ4,whilethe medianpriceroseto$860K,up6%frombothlast quarterandQ12025.With29sales,closingswere down10,or26%fromQ4,drivingvolumedown33%, thoughcomparedtoayearago,bothsalesandtotal volumeweremodestlyhigher.
Marketconditionsremainedrelativelystable,with daysonmarketat45,nearlyunchangedfromQ4 andonlyslightlyaboveQ12025.
Overall,Q1reflectedabalancedmarket,with resilientpricingandsteadydemanddespiteaslower paceofsalesthanlate2025.
Marina Marinapostedasolidfirstquarter,withbothpricing andsalesactivityimprovingfrom2025.Average salespriceroseto$1M,up3%fromQ4and7%year overyear.With36sales,closingswereupsixfrom lastquarter,or20% andeightfromayearago,or 29%drivingtotalvolumeto$37M.
Themarketalsomovedmorequickly,withdayson marketfallingto29,down38%fromQ4and25% fromQ12025.
PricingheldsteadyasSeller’sachieved99%oflist price,with42%ofhomessellingaboveaskinginjust 21days.
Overall,Q1reflectedahealthyandcompetitive market,definedbystrongerdemand,firmerpricing, andfasterabsorption.
Corral&San Benancio The93908areabegan2026onasofternote,with bothpricingandactivityeasingfrom2025.Average salespricecameinat$1.1M,down10%fromQ4and 15%fromQ12025.With23sales,totalvolumefell 23%fromlastquarterand25%yearoveryear.
Themarketalsobecamemoremeasured,withdays onmarketrisingto65,up60%fromQ4andslightly aboveQ12025.Sellersstillachieved98%oflistprice onaverage,buttheslowerpacepointstoamore selectivebuyerpool
Overall,Q1reflectedapullbackfromthestronger momentumseenthrough2025,withsofterpricing, lowervolume,andlongermarkettimes.
